Managing a Checking Account

Use these checking account tips to better understand how to manage a checking account.

Automated teller machines and ATM cards

man at an ATM machine

An ATM card looks like a credit card. Because it is linked to your bank account(s), you can use it to get cash, deposit funds, and check account balances at an automated teller machine (ATM). ATMs are convenient because they are available 24 hours a day at different locations.

A debit card combines the functions of an ATM card and a check. It can be used like a check. Most banks issue a combination ATM/debit card. Aside from an ATM card or debit card, you can also use a credit card—which is linked to your credit card account—at an ATM.

To use an ATM, you need a personal identification number (PIN). A bank or financial institution issues this four-digit number to you to protect against anyone else using your card. You must have a PIN and password to access online banking services. Always safeguard such information.

Visit ATM in our Everyday Life section to practice using an ATM.